Out For Lunch

I love picking up lunch outside myself but I don’t make it a habit. Because spending $15-$20 spending every time lunch for even thrice a week can be expensive. You can save hundreds of dollars each month by simply bringing lunch from home to your work. Try making your lunch in advance like take Sunday to make lunch for the entire week. This is kind of easy thing to grab your lunch box and straight out to the work.

Cable

You can save up to $50 a month if you say good bye to the cable. I myself got rid of cable when Netflix arrived. People thought we were weird that we cut off cable and switched to Netflix soon many realized and did the same.

Entertainment

It’s much easy to spend on entertainment more likely if you have kids in the home. If you feel like to entertain your kids go for DVD’s rather than spending much more on movies. You can even make popcorn yourself at home and maybe cuddle on the couch. When it comes to another kind of entertainment checking festivals in your area or maybe explore a new area or go for hiking or fishing. It doesn’t have to cost a lot of money.

You save save enough money on entertainment through Groupon. It is a website which provides vouchers. These vouchers can save you money through sales. These are although a good way of saving hundreds of dollars on local things you can do in your life.

You aren’t setting goals

Setting goals is very necessary for every person. Without a plan you wouldn’t know where to spend how much. Setting up financial goals helps you know what you’re towards and will have a track on money. They make it possible to achieve your dreams and they give you a clear vision of what you want to achieve and notify a dead end.

When you’re planning goals do mention long and short term goals as well. Short term goals ranges between a year to three years and long term goals ranges five years to ten years. You can set weekly and monthly goals as well. I know that I started from making weekly goals and then monthly and so on. I was focusing on my money more than ever.

Skipping budget and delaying for next month

Have frequently has you told yourself that you will that you will start writing budget from next month.  Every time you tell yourself that you will just start over from next month, every time you’re robbing yourself and delaying the golden opportunity to stay wealthy. You need to start thinking about the unexpected moments which means you go in the month knowing that something might occur.  When you will start thinking about it you will be better prepared to face that situation. When you start feeling the need of writing it next month. It’s the time to write a mini budget cause they also play an important role in changing lifestyle. They are the budgets that you write to last you from today to the next month.

If you’ve taken the time to sit down and write how much money you’ve to pay towards your debt, you might get sick. I myself was in shock for the first time when I totaled the amount to pay my debt payments.

My minimum debt was more than my mortgage. I hated myself for living paycheck to paycheck taking care of other family members and all every single month. I had a very little savings and for God forbid any of emergency occurs I would have to borrow money from someone. Can you relate to his? The best news for now is that I’ll be telling few things to stop living a life of paycheck to paycheck.

If you’re sick of working 40 hours a week and paying all your money to your student loans or car loans, then it’s the right time to make a change and stop taking further loans.

What actually means by “Paycheck To Paycheck”?

It’s likely when someone says they live paycheck to paycheck which means that they are waiting for their next salary to arrive without it they have nothing to spend. They won’t be able to pay their bills or feed themselves or their family. If you’re living paycheck to paycheck you’re not only the one living the same life, but there are 75% of US workers currently living a life of paycheck to paycheck and the good news is that you don’t have to live a life like this forever.

Write A Budget

Writing a budget is the initial step to stop living a life of paycheck to paycheck. People who write a weekly or monthly budget are more likely to be successful with their life. It’s because they are taking care of their expenses and the truth is that you’re giving a direction to your money while writing a budget. You’re not in the charge of money although the money is in your charge. You want to plan a vacation? No issues, add a vacation fund to your budget as well. I know writing a budget can be tricky in the first but when you’re write and follow the budget for the first few months you will be expert enough to write a budget that matches your lifestyle.

Create a Christmas Savings account.

Calculate the amount you want to save for Christmas

Christmas should be enjoyed with happiness and joy. As studies shows that more than 50% people are in stress over Christmas due to financial problems. Many years ago I didn’t saved a single penny for Christmas. Rest of the months of year something always popped up seeming more urgent. We had medical bills, credit card bills and school fees. No part of me was able to save money for Christmas. I couldn’t afford gifts and I knew I didn’t want to make the same mistake again! Christmas should never be stressful. As long as you plan in advance to save money for December all kind of stress must fade away.

The moment you start saving for Christmas, the first thing you should do is set up a Christmas savings account for the holidays. Having a specific savings account for holiday spending will more likely save you enough money. Moreover, you can easily track how much amount of money you have saved yet for the holidays. Many banks allow you to have multiple savings accounts connected to your paycheck account. You should be easily able to transfer funds to your savings account just through a click of a button and when it’s Christmas time you can transfer funds back to your main account by just a click.

You must calculate your money because it’s easy to just overspend when you don’t know how much you should be spending on an each gift. I know this because I’ve been through this. Before you start shopping for Christmas, you should make a Christmas budget to not overspend on any gift. To do so make a list of every person you want to buy gift for and set a budget for how much you want to spend for their gift. Sum up all the amount you will be spending on the overall gifts and then set aside the money you will be spending on the decorations and other activities.

I am glad that the lawnmower we bought last for more than five years and still counting. I have learned in my life that sometimes you have to buy something expensive that will actually last long and help you save your money rather than buying same item again and again on cheap price. Here are few things that you might want to buy in order to save your money.

Lunchbox

Having a lunchbox daily means that you will not eat your lunch out. Image just eating once or twice out in a week will help you save around $50-$60 each week. Not only it will save your money but home food will make you healthier.

Netflix

If you’re a TV lover, you might want to subscribe for Netflix since I don’t have any cable channels. I don’t like feel I’m missing something out I can watch everything on Netflix though. It barely costs me $15 each month for the Netflix services.

Water bottle

There’s no hidden fact that a water bottle can save you lot of bucks over time. If you’re buying one pack of water bottles for each week it will cost you around $150. It doesn’t sound much for a time being but if you calculate it for 4 or 5 years it will cost you around $650-$700. Imagine just buying reusable water bottles twice a year it would save money and much better for the environment as well.